CHARLESTON, S.C., Aug. 13, 2019 /PRNewswire/
-- Benefitfocus, Inc. (NASDAQ: BNFT), a leading
cloud-based benefits management platform and services
provider, announced today it has added Cariloop to the
ever-growing range of products and services on its BenefitsPlace
product catalog. Cariloop is a caregiver support platform offered
as a voluntary benefit by employers to help guide their employees
caring for loved ones young and old.
A 2015 report from AARP's Public Policy Institute stated that
more than 43 million individuals provided unpaid care to an adult
or child in the previous 12 months, with more than 34 million
providing care to an adult age 50 or over. On average, caregivers
devote more than 24 hours a week to providing this care, making it
increasingly difficult to remain focused and productive on their
work.
"More working Americans face the challenge and stress of caring
for a family member, while trying to balance their personal and
professional commitments," said Ray
August, President & CEO of Benefitfocus. "With our
BenefitsPlace partner, Cariloop, employers can now offer a valuable
new benefit to their workforce that will help and support those
employees caring for their loved ones."
Cariloop pairs employees and their families with a dedicated
care coach who supports them through the many decisions they make
over the length of their caregiving journey. As part of the member
experience, each employee and their family is able to collaborate
with their care coach using Cariloop's cloud-based application to
promote secure communication among family members and safe storage
and accessibility of important medical, financial and legal
files.
Cariloop's care coaches can walk employees through a wide
variety of complex challenges or questions they face when taking
care of a loved one, including finding and researching doctors,
lawyers, and care providers, understanding how to pay for a loved
one's care, or filling out important legal documents.
"Caregiving for a loved one can be one of the most emotionally
draining and financially straining experiences that any of us ever
goes through," said Michael Walsh,
Co-Founder and CEO of Cariloop. "Our team believes that no one
should ever have to go through these life transitions alone. With
Cariloop on their side, they won't have to."
The expanding array of medical complications, financial
considerations, care provider options and family dynamic challenges
complicate the long-term journey for caregivers. By enabling the
use of a digital connection between care coaches and caregivers,
Cariloop offers the chance to make that process easier and far less
stressful.
Benefitfocus BenefitsPlace® provides employers, brokers and
medical insurance carriers the ability to offer market-leading
specialty benefits products from more than 40 leading brands. This
product catalog provides a simplified enrollment experience that
brings all categories of voluntary benefits together in one
place.
Get to know the "why" behind Cariloop. To find out more about
the full range of health, wealth, property and lifestyle benefits
offered by Benefitfocus, go to
https://www.benefitfocus.com/solutions/benefitsplace and review the
full products catalog.
About Benefitfocus
Benefitfocus (NASDAQ: BNFT) unifies
the entire U.S. benefits industry on a single technology platform
to protect consumers' health, wealth, property and lifestyle. Our
powerful cloud-based software, data-driven insights and
thoughtfully-designed services, enable employers, insurance
brokers, carriers and suppliers to simplify the
complexity of benefits administration and deliver a world-class
benefits experience. Learn more
at www.benefitfocus.com, LinkedIn and Twitter.
Except for historical information, all of the statements,
expectations, and assumptions contained in this press release are
forward-looking statements. Actual results or performance might
differ materially from those explicit or implicit in the
forward-looking statements. Important factors that could cause
actual results to differ materially include: our ability to
maintain our culture and recruit and retain qualified
personnel; the need to innovate and provide useful products
and services; our ability to compete effectively; management
of growth; the immature and volatile nature of the market for our
products and services; risks related to changing healthcare and
other applicable regulations; privacy; security and other risks
associated with our business; and the other risk factors set forth
from time to time in our SEC filings, copies of which are available
free of charge within the Investor Relations section of the
Benefitfocus website
at http://investor.benefitfocus.com/sec-filings or upon
request from our investor relations department. Benefitfocus
assumes no obligation and does not intend to update these
forward-looking statements, except as required by law.
About Cariloop
Dallas-based Cariloop provides the world's
first fully-integrated, tech-enabled Caregiver Support Platform to
help working caregivers and families plan for and manage the care
of their loved ones. Cariloop's Platform features
a HIPAA-compliant, cloud-based application that helps families
securely communicate across all devices and store important
health, financial, and legal documents while having on-demand
access to a dedicated Care Coach who guides them through the
many decisions they make over the length of their caregiving
journey. For more information on Cariloop, please visit us at
www.cariloop.com, LinkedIn, and Twitter.
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SOURCE Benefitfocus, Inc.